| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14402 Hamlin St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2013 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14402 Hamlin St, Van Nuys CA Multifamily Investment
Contemporary 25-unit asset in an Urban Core pocket where renter concentration and neighborhood occupancy support steady demand, according to WDSuite’s CRE market data. This location benefits from strong daily amenities, providing durable leasing fundamentals for mid-size multifamily owners.
The neighborhood surrounding 14402 Hamlin St is rated B and ranks 617 among 1,441 Los Angeles metro neighborhoods, placing it above the metro median. Daily convenience is a core strength: cafes, grocery, pharmacies, and restaurants score in the top quartile nationally, with cafes and grocery density performing particularly well. This amenity access supports resident retention and leasing velocity for workforce-oriented product.
Renter-occupied housing is prevalent at roughly 81% of units in the neighborhood (top percentile locally), signaling a deep tenant base and reliable multifamily demand. Neighborhood occupancy is about 94%, which, based on WDSuite’s CRE market data, sits above many national benchmarks and points to generally stable leasing conditions. Median contract rents benchmark above national levels (around the upper third nationally), indicating pricing power relative to broader markets while still appealing to renters priced out of ownership in this submarket.
The property’s 2013 vintage stands newer than the neighborhood’s older residential stock (average year 1968). That positioning typically enhances competitive standing versus legacy assets, while investors should still plan for ongoing modernization and systems maintenance over a longer hold.
Within a 3-mile radius, households have grown modestly in recent years and are projected to expand further by 2028, even as average household size trends smaller. This dynamic points to a larger tenant base over time and supports occupancy stability. The area’s home values are elevated compared with national norms, which tends to reinforce reliance on multifamily rentals and can sustain renter demand. Average school ratings in the neighborhood sit below national medians; while this may temper some family-driven leasing, strong amenity access and employment proximity help balance demand drivers.
Parks are limited within the immediate neighborhood, which may require positioning toward renters prioritizing convenience and commutability over green space. Even so, the combination of Urban Core amenities and a high renter concentration keeps the area competitive among Los Angeles neighborhoods for multifamily investment.
Safety trends are mixed but constructive in trajectory. The neighborhood’s overall crime positioning is competitive nationally (around the upper quartile compared with neighborhoods nationwide), and recent estimates indicate meaningful declines in both property and violent offenses year over year, according to WDSuite’s CRE market data.
Within the Los Angeles metro context (1,441 neighborhoods), the area performs above the metro median for crime outcomes, suggesting comparatively favorable conditions among local peers. Still, safety can vary block to block; prudent operators typically emphasize lighting, access controls, and resident engagement to support onsite outcomes.
Proximity to a diversified set of corporate offices underpins renter demand and commute convenience for residents, notably in media and energy. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Occidental Petroleum.
- Charter Communications — corporate offices (5.9 miles)
- Radio Disney — corporate offices (6.5 miles)
- Disney — corporate offices (7.3 miles) — HQ
- Live Nation Entertainment — corporate offices (8.3 miles) — HQ
- Occidental Petroleum — corporate offices (8.9 miles) — HQ
This 25-unit, 2013-built asset offers competitive positioning versus older neighborhood stock while tapping a renter-heavy Urban Core location. Neighborhood occupancy around the mid-90s and above-national amenity density support leasing durability, and elevated for-sale home values in Los Angeles bolster reliance on rentals. According to CRE market data from WDSuite, rents benchmark above national medians, aligning with sustained tenant demand and providing room for disciplined revenue management.
Forward-looking fundamentals are supported by a growing household base within 3 miles and smaller household sizes, which together expand the renter pool and can support occupancy stability. Operators should manage affordability pressure (rent-to-income near one-third locally) and the neighborhood’s below-median school ratings, while leveraging the property’s newer vintage to maintain competitive appeal with targeted refreshes over time.
- Newer 2013 vintage versus older local stock, supporting competitive positioning
- High renter concentration and solid neighborhood occupancy underpin demand stability
- Strong daily amenity access and proximity to major employers aid retention
- Elevated ownership costs in the area reinforce reliance on multifamily rentals
- Risks: affordability pressure and below-median school ratings may weigh on family household demand